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https://www.bloomberg.com/news/articles/2023-04-14/mufg-clients-lost-700-million-in-credit-suisse-at1-wipeout
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MUFG Clients Lost $700 Million in Credit Suisse AT1 Wipeout - Bloomberg
4/14/23 at 9:01am
Organization
Bloomberg
Authors
Takashi Nakamichi
Taiga Uranaka
Nao Sano
Details
50 words
Summarize
Business & Industrial
Finance
MUFG
Credit Suisse
Bloomberg
brokerage venture
Mitsubishi UFJ Financial Group
Morgan Stanley
Mitsubishi UFJ Financial Group Inc.’s wealthy clients lost more than $700 million on Credit Suisse Group AG’s riskiest bonds purchased through the Japanese bank’s brokerage venture with Morgan Stanley, according to people familiar with the matter.
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